COP27 delivers climate fund breakthrough at the cost of progress on emissions

COP27 climate summit ends after marathon weekend negotiations Final deal delivers on creating historic climate finance fund Negotiators say some blocked tighter emissions targets SHARM EL-SHEIKH, Egypt, Nov 20 (Reuters) – Countries closed this year’s UN climate summit on Sunday with a hard-fought deal to create a fund to help poor countries being battered by … Read more

COP27 nears breakthrough on climate finance in scramble for final deal

Countries studying details of new draft agreement Delegates herald possible breakthrough on loss and damage EU prepared to exit talks without positive outcome Some nations want firmer goals on long-term action SHARM EL-SHEIKH, Egypt, Nov 19 (Reuters) – Negotiators at the COP27 climate summit in Egypt neared a breakthrough deal on Saturday for a fund … Read more

Bankers bet billions on new wave of debt-for-nature deals

More countries linking debt cost to conservation goals Seychelles, Belize, Barbados among those to strike deals Ecuador swap could be biggest yet at $800 million Cape Verde, Sri Lanka and others are also exploring deals SHARM EL-SHEIKH, Egypt, Nov 17 (Reuters) – The Galapagos Islands, whose thousands of unique species inspired Darwin’s theory of evolution, … Read more

COP27 negotiators still far apart on strong climate deal

G20 leaders expressed support for climate action Lula boosts COP27 with ‘Brazil is back’ message But countries struggle for climate deal in Egypt SHARM EL-SHEIKH, Egypt, Nov 16 (Reuters) – Countries were far from agreeing the contours of a climate deal at the COP27 summit in Egypt on Wednesday, with the host country urging negotiators … Read more

COP27: Biden says the climate crisis is about ‘very life of the planet’

SHARM EL-SHEIKH, Egypt, Nov 11 (Reuters) – US President Joe Biden told the COP27 climate conference in Egypt on Friday that global warming posed an existential threat to the planet and promised the United States would meet its targets for fighting it. His speech was intended to pump up global ambition to prevent the worst … Read more

Show us the money: Developing world at COP27 seeks financing details

Finance Day at COP27 puts focus on banks, investors, insurers Emerging markets demand more help to pay for transition UN experts flag dozens of climate projects worth $120 bln SHARM EL-SHEIKH, Egypt, Nov 9 (Reuters) – Finance took center stage at the COP27 climate talks on Wednesday, with UN experts publishing a list of projects … Read more